Simple Descriptive Statistics

Skillsoft issued completion badges are earned based on viewing the percentage required or receiving a passing score when assessment is required. Along the career path to Data Science, a fundamental understanding of statistics and modeling is required. The goal of all modeling is generalizing as well as possible from a sample to the population of big data as a whole. In this 10-video Skillsoft Aspire course, learners explore the first step in this process. Key concepts covered here include the objectives of descriptive and inferential statistics, and distinguishing between the two; objectives of population and sample, and distinguishing between the two; and objectives of probability and non-probability sampling and distinguishing between them. Learn to define the average of a data set and its properties; the median and mode of a data set and their properties; and the range of a data set and its properties. Then study the inter-quartile range of a data set and its properties; the variance and standard deviation of a data set and their properties; and how to differentiate between inferential and descriptive statistics, the two most important types of descriptive statistics, and the formula for standard deviation.